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SEC Accuses Ripple of Slowing the Lawsuit to Keep Selling XRP 3m ago by

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SEC accuses Ripple of prolonging the lawsuit to continue XRP sales.

Ripple community expresses shock and alleges SEC hypocrisy.

Prominent lawyer James Filan thinks the SEC’s idea is laughable.

In a recent court filing, the U.S. Securities and Exchange Commission (SEC) submitted a response brief to support its motion to certify an interlocutory appeal. The filing represents a memorandum in which the SEC seeks an appellate review in its ongoing legal dispute with Ripple.

Prominent defense lawyer James Filan took to X to share the development.

#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: The SEC has filed its Reply Memorandum in Further Support of its Motion to Certify Interlocutory Appeal.

— James K. Filan (@FilanLaw) September 8, 2023

In the filing, the SEC alleged that Ripple Labs is deliberately attempting to extend the legal dispute to maintain the sale of XRP in the public space. Moreover, it alleged that Ripple lacked institutional interest in resolving the lawsuit. The SEC’s statement read:

They [defendants] seek to prolong this litigation (as they have already promised to do), presumably so that they may continu…

The post SEC Accuses Ripple of Slowing the Lawsuit to Keep Selling XRP appeared first on Coin Edition.